Yup EUR to Citi Germany. Although this is my first deposit via Instarem and no prior transactions so maybe it's one of the cause? I did hurry them to complete the review not sure if that's the cause

Contact number and email is your personal one. You only need to make sure the recipient name is correct (Interactive Brokers LLC), Swift Code and IBAN. Others put your own

Yea no worries, just wanna put a warning here that Instarem direct is not a guaranteed way to transfer as they officially don't support it. Try Transferwise or safest way via a Middleman bank to IBKR

I just did 3 Transferwise transactions, finally approved compared to the Instarem nightmare I went thru. IBKR did ask for additional documents for compliance review. I sent them the receipt, latest bank statement for proof of name and the latest bank transactions to show the transfer I did to TW. Approved in 3 hours.

I think what IBKR wants is just proof to show that the flow of money originate from an account under your name

I've got their Everyday Global Account, can send directly via Wire but the forex rate bloody expensive even with a Premier account. Not recommended use Transferwise instead

Transferwise has a max limit of 30k per transaction. Any sifus here know how to bypass the limit if it's possible?

Yup, initiated the transfers during Thursday morning, reached IBKR night time and kena review, Friday night approved and funded. Total about 43 hours

Edit:accurate time

This post has been edited by HolyAssasin4444: Aug 22 2020, 06:04 AM

Has the money reached Europe? If not then give it time most probably Monday. If reached and under review just ask them to expedite via support chat

Yep still transferring there. Looking back at my instarem txn it took me about 3 working days too

For me reach IBKR same day, review take one day for them to reply

Never tried receiving USD, but just double confirmed with them that they can receive USD without going thru conversion

As IBKR is a Citibank account, I think traditional wire fees apply, page 31, along with intermediary bank charges if there's any. Only thing you're saving on is no forex spread. If to HSBC account its RM22 unless you're premier then it's waived
https://cdn.hsbc.com.my/content/dam/hsbc/my...iff-charges.pdf

This post has been edited by HolyAssasin4444: Aug 23 2020, 03:51 AM

You were warned. Go try transferwise now they are much faster than REM and it works

How much margin as a percentage of your ELV do you typically use? I stick around 30-35% but not sure if I should up it anot

Additional info for the Citibank users here. Don't use the Citibank Global Transfer to send funds to IBKR, they don't accept that method and will return it.

First transfer yes, after that they just send email saying needed to verify and after few hours it’s credited into acc

yep, transfer receipt and bank statement to prove that the fund originates from me

wait so you're saying that live data fees can use to offset monthly charge? I thought it's the other way round

Market depth requires Level II data, a subscription. Level I data is also a subscription, but not USD125 unless you're a pro. No way to skip it besides paying

Prices quoted for non-pro:
NASDAQ (Network C/UTP) = 1.5 USD/month, NYSE (Network A/CTA) = 1.5 USD/month, NYSE American, BATS, ARCA, IEX, and Regional Exchanges (Network B) = 1.50 USD/month, OPRA (US Options Exchanges) = 1.50 USD/month.
Total: 6 USD/month.
Level II data, ISE Options = 10.00 USD/month, NYSE AMEX Options = 11.50 USD/month, NYSE Arca Options = 11.50 USD/month, NYSE ArcaBook = 11.00 USD/month, NYSE OpenBook = 25.00 USD/month, NASDAQ TotalView-OpenView = 15.00 USD/month, NASDAQ Options Market = 11.50 USD/month
Total: 95.50 USD/month

This post has been edited by HolyAssasin4444: Nov 4 2020, 03:26 AM

Calculated before, if no commision waiver level I data alacarte is cheaper than the package. There are also alot of data that you may not need in the package, alacarte can be cheaper if you know what you need.
Level II isn't included in the package either need to alacarte IIRC

This post has been edited by HolyAssasin4444: Nov 4 2020, 02:50 PM